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Originally Posted by weasel56
The current 401k just doesn't seem like the best option as I am losing such a high percentage and I do plan on changing it around next time I can, but I would rather a more stable gain option. Seems like throwing away money in a collapsing market. I know after it finishes crashing it will do alot better in the 401k then now, but I don't like throwing away my hard earned dollars and would rather a more stable option.
Is my lack of knowledge showing at this point? I probably sound like a damn rookie...
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No, not a rookie response...just human nature when it seems and feelslike the end of all
our comfort zones. Couple that with looking a statement that shows hard earned/saved
dough eroding like a sand castle at high tide and we all wanna do something.
No xpert, but barring the utter collapse of the US economy, a balanced investment port.,
inc. index funds for equites, will usually give a nice nest egg over a few decades of saving.
Tossing all your dough into a cash fund is not my rec'd at your assumed age and stage in life, imo.
Broad stock indices are off ~30%+ since last fall, so unless one had a lucky dart toss or bought gold,
I don't know of many that are "ahead", regardless of their bs.
Not looking for a fund raising telethon, but try keeping a smile with true fixed income and a retirement
port off ~25% since last Oct., as I and anyone "retired", are in the midst of.
Save, save, save and you young guys will be able to buy a burger in 2050...don't save and that free
burger at the soup kitchen will not taste very good.
GL,mD